Twenty Nine analysts have made estimates for CBS's earnings. With $80.0 highest and $55 lowest target, CBS has $68.73 average target or 31.87% above the current ($52.12) price. CBS posted earnings of $1.04 per share during the same quarter last year, which indicates a positive year over year growth rate of 13.5%. The media conglomerate reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.14 by $0.06. Now it is offering a dividend yield of 2.18% and a 5 year dividend growth rate of 9.60%. (NYSE:CBS) last issued its quarterly earnings data on Thursday, November 3rd. The stock witnessed -0.11% declines, -8.17% declines and -10.6% declines for the 1-month, 3-month and 6-month period, respectively. The company had revenue of $3.92 billion during the quarter, compared to analysts' expectations of $3.71 billion. 2,910 CBS Corporation (NYSE:CBS) shares with value of $175,000 were sold by Ianniello Joseph R. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. Richmond Hill Investment Company who had been investing in Post Hldgs Inc for a number of months, seems to be less bullish one the $5.47B market cap company.
Several research firms have recently commented on CBS. Loop Capital initiated coverage on shares of CBS in a research note on Thursday, March 15th. Zacks Investment Research downgraded shares of CBS from a "hold" rating to a "sell" rating in a research note on Tuesday, January 2nd. Traditional interpretation and usage of the RSI is that RSI values of 70 or above indicate that a security is becoming overbought or overvalued, and therefore may be ready for a trend reversal or corrective pullback in price. BMO Capital Markets reduced their price target on CBS from $75.00 to $70.00 and set an "outperform" rating on the stock in a report on Wednesday, February 21st. Royal Bank of Canada set a $71.00 price target on CBS and gave the stock a "buy" rating in a report on Saturday, February 17th. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.59 average brokerage recommendation. CBS has an average rating of "Buy" and an average price target of $69.19. The stock was sold at an average price of $59.07, for a total value of $5,020,950.00. Following the transaction, the chief executive officer now directly owns 915,531 shares of the company's stock, valued at $46,197,694.26. CBS Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chairman, President & CEO Moonves Leslie has sold 85,000 shares of CBS Corporation (CBS) in trading session dated March 21, 2018. "This method features a fast attack average and a slow decay average so that composite average rapidly ratchets behind price changes and holds the average value until the next ratchet occurs". Following the completion of the transaction, the chief operating officer now owns 320,723 shares in the company, valued at approximately $19,285,073.99. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 306,284 shares of company stock valued at $17,069,668.
The short ratio in the company's stock is documented at 3.16 and the short float is around of 3.97%.
Is The Stock Safe to Invest? Avestar Capital LLC acquired a new position in shares of CBS during the fourth quarter worth about $119,000. Horizon Kinetics Ltd Liability Corporation reported 0.17% of its capital in CBS Corporation (NYSE:CBS).
According to 2017Q4 Securities and Exchange filling the John Shapiro increased its holdings in Cbs Corp New (CBS) by 12.16%. Stocks News Times (SNT) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. After this sale, 1,697,456 common shares of CBS are directly owned by the insider, with total stake valued at $88,471,407. TIAA CREF Investment Management LLC now owns 4,529,331 shares of the media conglomerate's stock worth $267,231,000 after buying an additional 443,907 shares in the last quarter. Finally, Banco de Sabadell S.A purchased a new position in shares of CBS during the fourth quarter valued at $937,000.
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Shares of NYSE CBS traded down $1.11 during trading on Wednesday, hitting $51.01. The company had a trading volume of 6,767,605 shares, compared to its average volume of 4,294,444. The firm has a market capitalization of $27.28 billion, a PE ratio of 17.83 and a beta of 1.65.
Tracking other technical indicators, the 14-day RSI is presently standing at 52.00, the 7-day sits at 57.28, and the 3-day is resting at 56.13. Return on assets ratio of the Company was 1.60%.
The company also recently announced a quarterly dividend, which was paid on Sunday, April 1st. Stockholders of record on Friday, March 9th were paid a dividend of $0.18 per share. The third largest holder is Blackrock Inc., which now holds $1.21 billion worth of this stock and that ownership represents almost 6.06% of its market capitalization. Relative volume is the comparison of current volume to average volume for the same time of day, and it's displayed as a ratio.
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